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US weekly jobless claims fall; labour market momentum slows
Slowdown in broader economic recovery from pandemic is taking place as the boost from fiscal stimulus fades
Published Thu, Oct 22, 2020 · 09:50 PM
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Washington
THE number of Americans filing new claims for jobless benefits declined more than expected last week though they remain extremely high. This indicates a slowdown in the labour market and broader economic recovery from the Covid-19 pandemic as the boost from fiscal stimulus fades.
Initial claims for state unemployment benefits totalled a seaso…
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